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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $121.0M, roughly 1.5× Ramaco Resources, Inc.). HEARTLAND EXPRESS INC runs the higher net margin — -10.8% vs -11.0%, a 0.2% gap on every dollar of revenue. On growth, HEARTLAND EXPRESS INC posted the faster year-over-year revenue change (-26.1% vs -27.7%). Ramaco Resources, Inc. produced more free cash flow last quarter ($-17.5M vs $-44.2M). Over the past eight quarters, HEARTLAND EXPRESS INC's revenue compounded faster (-18.5% CAGR vs -22.7%).
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
HTLD vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $121.0M |
| Net Profit | $-19.4M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | -12.7% | -12.0% |
| Net Margin | -10.8% | -11.0% |
| Revenue YoY | -26.1% | -27.7% |
| Net Profit YoY | -949.2% | -5468.2% |
| EPS (diluted) | $-0.24 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $179.4M | — | ||
| Q3 25 | $196.5M | $121.0M | ||
| Q2 25 | $210.4M | $153.0M | ||
| Q1 25 | $219.4M | $134.7M | ||
| Q4 24 | $242.6M | $170.9M | ||
| Q3 24 | $259.9M | $167.4M | ||
| Q2 24 | $274.8M | $155.3M | ||
| Q1 24 | $270.3M | $172.7M |
| Q4 25 | $-19.4M | — | ||
| Q3 25 | $-8.3M | $-13.3M | ||
| Q2 25 | $-10.9M | $-14.0M | ||
| Q1 25 | $-13.9M | $-9.5M | ||
| Q4 24 | $-1.9M | $3.9M | ||
| Q3 24 | $-9.3M | $-239.0K | ||
| Q2 24 | $-3.5M | $5.5M | ||
| Q1 24 | $-15.1M | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | -12.7% | — | ||
| Q3 25 | -3.7% | -12.0% | ||
| Q2 25 | -5.9% | -9.1% | ||
| Q1 25 | -6.8% | -8.9% | ||
| Q4 24 | 0.4% | 3.7% | ||
| Q3 24 | -2.7% | 1.0% | ||
| Q2 24 | 0.1% | 3.5% | ||
| Q1 24 | -5.3% | 1.9% |
| Q4 25 | -10.8% | — | ||
| Q3 25 | -4.2% | -11.0% | ||
| Q2 25 | -5.2% | -9.1% | ||
| Q1 25 | -6.3% | -7.0% | ||
| Q4 24 | -0.8% | 2.3% | ||
| Q3 24 | -3.6% | -0.1% | ||
| Q2 24 | -1.3% | 3.6% | ||
| Q1 24 | -5.6% | 1.2% |
| Q4 25 | $-0.24 | — | ||
| Q3 25 | $-0.11 | — | ||
| Q2 25 | $-0.14 | — | ||
| Q1 25 | $-0.18 | — | ||
| Q4 24 | $-0.03 | $0.06 | ||
| Q3 24 | $-0.12 | $-0.03 | ||
| Q2 24 | $-0.04 | $0.08 | ||
| Q1 24 | $-0.19 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.5M | $193.8M |
| Total DebtLower is stronger | $154.1M | $116.3M |
| Stockholders' EquityBook value | $755.3M | $526.9M |
| Total Assets | $1.2B | $849.7M |
| Debt / EquityLower = less leverage | 0.20× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | — | ||
| Q3 25 | $32.7M | $193.8M | ||
| Q2 25 | $22.9M | $28.1M | ||
| Q1 25 | $23.9M | $43.5M | ||
| Q4 24 | $12.8M | $33.0M | ||
| Q3 24 | $30.7M | $22.9M | ||
| Q2 24 | $23.9M | $27.6M | ||
| Q1 24 | $23.8M | $30.5M |
| Q4 25 | $154.1M | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $755.3M | — | ||
| Q3 25 | $775.6M | $526.9M | ||
| Q2 25 | $786.7M | $347.4M | ||
| Q1 25 | $807.7M | $355.2M | ||
| Q4 24 | $822.6M | $362.8M | ||
| Q3 24 | $825.7M | $361.8M | ||
| Q2 24 | $836.8M | $366.1M | ||
| Q1 24 | $848.8M | $372.3M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $849.7M | ||
| Q2 25 | $1.3B | $674.6M | ||
| Q1 25 | $1.3B | $685.7M | ||
| Q4 24 | $1.3B | $674.7M | ||
| Q3 24 | $1.4B | $645.4M | ||
| Q2 24 | $1.4B | $659.2M | ||
| Q1 24 | $1.5B | $674.0M |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $14.9M | $-1.4M |
| Free Cash FlowOCF − Capex | $-44.2M | $-17.5M |
| FCF MarginFCF / Revenue | -24.6% | -14.5% |
| Capex IntensityCapex / Revenue | 33.0% | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | — | ||
| Q3 25 | $27.5M | $-1.4M | ||
| Q2 25 | $21.0M | $-4.3M | ||
| Q1 25 | $25.8M | $26.0M | ||
| Q4 24 | $37.8M | $15.7M | ||
| Q3 24 | $35.6M | $37.4M | ||
| Q2 24 | $40.0M | $34.4M | ||
| Q1 24 | $31.0M | $25.2M |
| Q4 25 | $-44.2M | — | ||
| Q3 25 | $-12.2M | $-17.5M | ||
| Q2 25 | $-12.8M | $-19.8M | ||
| Q1 25 | $2.3M | $7.6M | ||
| Q4 24 | $-45.5M | $5.1M | ||
| Q3 24 | $24.6M | $25.6M | ||
| Q2 24 | $29.4M | $20.3M | ||
| Q1 24 | $26.3M | $6.5M |
| Q4 25 | -24.6% | — | ||
| Q3 25 | -6.2% | -14.5% | ||
| Q2 25 | -6.1% | -13.0% | ||
| Q1 25 | 1.0% | 5.6% | ||
| Q4 24 | -18.8% | 3.0% | ||
| Q3 24 | 9.5% | 15.3% | ||
| Q2 24 | 10.7% | 13.1% | ||
| Q1 24 | 9.7% | 3.7% |
| Q4 25 | 33.0% | — | ||
| Q3 25 | 20.2% | 13.3% | ||
| Q2 25 | 16.1% | 10.2% | ||
| Q1 25 | 10.7% | 13.7% | ||
| Q4 24 | 34.3% | 6.2% | ||
| Q3 24 | 4.2% | 7.0% | ||
| Q2 24 | 3.8% | 9.1% | ||
| Q1 24 | 1.7% | 10.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× | ||
| Q1 24 | — | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
